Fed Governor Bowman says more progress on inflation is needed before further rate cuts

Fed Governor Bowman says more progress on inflation is needed before further rate cuts


Key Points
  • Federal Reserve Governor Michelle Bowman said on Monday she wants to see data reflect more progress on inflation before cutting interest rates further. 
  • While she expects inflation to continue to decelerate this year, she said disinflation “may take longer than we would hope.” 
  • The Fed maintained its target rate at a range of 4.25% to 4.5% at its January policy meeting.



Source

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